briefing on results for fiscal 2015(pdf) - 株式会社ゼンリン · 2018. 1. 6. · briefing on...

Briefing on Results for Fiscal 2015

(Year Ended March 31, 2015)May 14, 2015

President and CEO Zenshi TakayamaExecutive Vice President Junya AmitaExecutive Officer, and Head of Corporate Management Division Masami Matsuo

Securities Code: 9474

Briefing on Results for FY2015

ZENRIN Co., Ltd.

ZENRIN CO., LTD. All Rights Reserved.©


Overview of Results for Fiscal 2015

Fiscal 2016 to Fiscal 2020

Medium- to Long-Term Business Plan

“ZENRIN GROWTH PLAN 2020” (ZGP2020)

~Make all maps in Japan based on ZENRIN~Appendix

Table of Contents

Note: This document contains forward-looking statements based on assumptions, forecasts and plans in light of information available to ZENRIN Co., Ltd. as ofthe preparation date of this document. Actual performance may vary significantly from the forecast figures due to various risks and uncertainties owing toglobal economic trends, market demand, status of competition, exchange fluctuations and other factors.The information that appears in this document rounds down fractions to the nearest specified unit and rounds off decimals in the percentage of change tothe first decimal place.In addition, cases where the percentage of change exceeds 1000% and cases where one or both of the items of comparison is negative are shown as “–.”

1



Overview of Results for Fiscal 2015

(1) Overview of Results(2) Causes for Change in Operating Income(3) Segment Information(4) Net Sales by Business Segment under Medium-Term

Business Plan ZGP2015(5) Changes in Cash Flows(6) Dividends

2



3

1-1) Overview of Results

Key Points of Results for Fiscal 2015Compared to Fiscal 2014 <decrease in sales and income (increase in net income)■ As to net sales, although sales related to GIS utilizing residential map databases (DB) remained robust, the number

of fee-paying subscribers to services for smartphones continued to decrease and sales of data for both Japanese and overseas in-car navigation systems also decreased.

■ In line with sales decrease, operating income and ordinary income decreased. However, net income increased compared to FY 2014 due to decrease in income taxes-current impacted by loss carried forward of subsidiaries following restructuring, etc.

Compared to Earnings Forecast <decrease in sales and income> ■ Net sales was generally as forecast due to sales related to GIS remaining strong and effect from a subsidiary which

was included in the scope of consolidation from the first 3 quarters.■ Decrease in income in each segment due to changes in sales composition (sales decrease in map DB related

business, increase in others). ■ 売上構成の変化(地図データベース関連事業の減収、その他の増加)により各利益において減益

FY2014Actual

FY2015 Earnings Forecast

(May 8, 2014)

FY2015 Revised Forecast

(Apr. 22, 2015)

FY2015Actual Compared to

FY2014% of

Change

Compared to Earnings Forecast

(May 8, 2014)

% of Change

Compared to Revised Forecast

(Apr. 22, 2015)

% of Change

Net Sales 53,589 52,300 52,280 52,286 -1,303 -2.4 -13 -0.0 6 0.0

Operating Expenses 50,409 49,500 49,900 49,897 -511 -1.0 397 0.8 -2 -0.0

Operating IncomeOperating Margin

3,1805.9%

2,8005.4%

2,3804.6%

2,3894.6%

-791-1.3pt

-24.9 -410-0.8pt

-14.7 90.0pt

0.4

Ordinary IncomeOrdinary Margin

3,6636.8%

3,1005.9%

2,7505.3%

2,7515.3%

-912-1.5pt

-24.9 -348-0.6pt

-11.2 10.0pt

0.0

Net Income 1,272 2,100 1,460 1,464 192 15.1 -635 -30.3 4 0.3

(Amounts in million yen)



4

1-2) Causes for Change in Operating Income

0

20

40

60

80

10010

8

6

4

2

0

＋1.1

- 0.3 - 0.5- 0.0

＋0.1

＋0.1

Net SalesCompared to FY2014: -1.3 bn yen (-2.4%)Net SalesCompared to FY2014: -1.3 bn yen (-2.4%)

3.12.3

Compared to FY2014: -0.7 bn yen (-24.9%)

Decrease in the number of fee-paying subscribers to services for smartphones

Stock-type models were robust as well as existing businesses

Improvement in productivity of map DB

Cost reduction through improving operational

efficiency

- 0.6- 1.7

14/3

Actual

14/3

Actual

Advertising

Business

Advertising

Business

Publishing

Business

Publishing

Business

GIS

Business

GIS

Business

ICT

Business

ICT

Business

Other

Business

Other

Business

ITS

Business

ITS

Business

Global

Business

Global

Business

Operating

Expenses

Operating

Expenses

15/3

Actual

15/3

Actual

(Amounts in billion yen)



5

1-3) Segment Information

SalesComposition

1. Map Database SegmentMain Items: Printed residential maps,

residential map databases, data for Japanese and overseas in-car navigation systems,services for smartphones, map data provision, etc. for various media/devices

2. General Printing SegmentMain Items: Commercial printing

3. OtherMain Items: Purchased products, digital signage,

direct mail delivery services, in-ship advertising

85.5%

7.2%

7.3%



Net Sales Operating IncomeCompared to

FY2014

6

1-3) Map Database Segment

Down 1,557 (-3.4%) Down 759 (-27.6%)

46,27644,718

35,000

40,000

45,000

50,000

14/3 Actual 15/3 Actual

2,756

1,996

0

1,000

2,000

3,000

4,000

5,000





136 76

0

200

400

600



FY2014

Compared toFY2014

7

Gen

eral

Prin

ting

Seg

men

tO

ther

1-3) General Printing Segment, and Other(Amounts in million yen)

Up 408 (12.0%) Up 42 (31.6%)

Down 153 (-3.9%) Down 59 (-43.5%)

3,908 3,754

0

3,000

6,000


3,4033,812

0

3,000

6,000


134 176

0

200

400

600




8

1.31.00.9 1.11.1

8.78.78.4 8.57.8

9.19.610.2

11.311.410.6

14.114.113.112.4 12.312.0

11.310.710.9

2.8 3.02.3

2.72.2

7.26.46.0

4.6

6.1

0

50

100

150

20020

15

1

5

10

20

15

10

20

15

10

20

15

10

AdvertisingAdvertising PublishingPublishing ＧＩＳＧＩＳＩＣＴＩＣＴＩＴＳＩＴＳ GlobalGlobal OtherOther-1.7

(-12.1%)-0.6

(-7.6%)+1.1

(11.6%)+0.1

(18.4%)-0.3

(-3.4%)-0.0

(-4.2%)+0.1(3.0%)

Com

pare

d to

FY20

14FY

2012

FY20

13

FY20

14

FY20

15 (A

ctua

l)

FY20

15 (M

ay 8

, Ear

ning

s fo

reca

st)

1-4) Net Sales by Business Segment under Medium-Term Business Plan ZGP2015




Operating Cash Flows Financing Cash FlowsFree Cash FlowsInvesting Cash Flows

9

1-5) Changes in Cash Flows

Inflows up 2,986 Outflows down 2,941 Inflows up 5,927 １，９９７支出増加Outflows up 4,544

6,51

2

5,91

5

8,24

2

4,13

6

7,12

2

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

8,000

10,000

11/3 12/3 13/3 14/3 15/3

-3,3

22

-5,5

74

-4,9

77

-7,7

03

-4,7

61

11/3 12/3 13/3 14/3 15/3

3,19

0

340

3,26

5

-3,5

66

2,36

0

11/3 12/3 13/3 14/3 15/3

Remodeling and expansion of ZENRIN-owned property

-1,8

19

-1,9

08

-2,1

53

1,61

2

-2,9

31

11/3 12/3 13/3 14/3 15/3


Decrease in income taxes paid



10

1-6) Dividends

Cash Dividend per Share

15.5015.0014.00 14.00 14.00 15.00

1.00

15.00 15.5014.00 14.00

15.00 15.00

1.001.00

0

15

30

11/3 12/3 13/3 14/3 15/3 16/3

yen

29.00

3.0% 3.0% 3.0% 3.0%

(Plan)3.0%

or higher3.0%

1%

2%

3%

4%

11/3 12/3 13/3 14/3 15/3 16/3

Dividend on Equity (DOE) onConsolidated Basis

Maintain dividend on equity (DOE) on a consolidated basis

of 3% or higher

Year-end dividend: 16 yenAnnual dividend: 31 yen

31.00

28.00

Basic Policy: Return income to shareholders in accordance with the level of income on a consolidated basis while taking into account the maintaining of an adequate amount of internal reserves

30.00

Increase in dividend

30.00

Interim dividend

Year-end dividend

(1 yen increase from the initial forecast)

Increase in dividend

(Forecast)

31.00

(Forecast)

(Forecast)

Fiscal 2016 to Fiscal 2020Medium- to Long-Term Business Plan

ZENRIN GROWTH PLAN 2020～Make all maps in Japan based on ZENRIN～


Table of Contents

I. Review of “ZENRIN GROWTH PLAN 2015” (ZGP2015)

II. “ZENRIN GROWTH PLAN 2020” (ZGP2020)

III. Earnings Forecast for Fiscal 2016

12

ZENRIN CO., LTD. All Rights Reserved.© 13

I. Review of ZGP2015


ZGP2015 Basic Structure

III. Productivity improvement and structural reform for lowering the fixed cost ratio

I. Earnings expansion through development of applications of existing and new map DB

Realize “better suited value” based on the thinking of curation

II. Building of spatio-temporal DB for optimization of the “Cycle of Knowledge”

ZENRIN GROWTH PLAN 2015


5.5 3.1 2.3

8.0

0

3

6

9

13/3 14/3 15/3 16/3

54.9 53.5 52.265.0

40

50

60

70

13/3 14/3 15/3 16/3

Status of Progress of ZGP2015 Targets

15

ZGP2015 Final FiscalYear

Target

ZGP2015 Final Fiscal Year

Target

Consolidated Net Sales

Consolidated Operating Income

Development of applications being limited

Environmental changes in the smartphone services and in-car

navigation system markets

Prior expenses associated with

4D Geospatial Information DB maintenance

Impact on progress of ZGP2015



Changes in Net Sales by Business under ZGP2015

16

Advertising Publishing GIS ICT ITS Global Other

1.00.91.1

3.5

8.78.47.8

11.0

9.610.2

11.412.5

14.114.1

12.4

14.5

12.011.3

10.9

12.5

3.02.32.2

3.5

6.4 6.0 6.1

7.5

0

5

10

15

FY20

13

FY20

14FY

2015

ZGP

2015

Fin

al F

isca

l Yea

r Tar

get



II. ZGP2020


ZGP2020 Theme

Year 2020

©ZENRIN

Corporate Vision

World’s leading company in the mapping of information

“Field-oriented corporate management”~Make all maps in Japan based on ZENRIN~


Environment Surrounding ZENRIN

19

・ Changes in social structure due to IT technological evolution・ Growing disaster prevention awareness and disaster countermeasures・ Tokyo winning the bid to host the 2020 Olympic Games・ Safe, secure and comfortable automobile society・ Increase in foreign travelers visiting Japan

・ Enhancement of SMEs’ GIS system usage environment・ Sophistication of ITS, such as driving safety support・ Growth of needs for maps for disaster prevention and disaster mitigation of national

and local governments・ Expansion of needs for use of location information services by

foreigners visiting Japan・ Growth of needs for regional information in

local economic vitalization and regional development

Expansion of opportunities for use of map information

Cost leadership

©ZENRIN

Differentiation


ZGP2020 Basic Structure

20

ZENRIN GROWTH PLAN 2020

III. Reduction of the fixed cost ratio by realizing “productivity reform”

I. Earnings expansion through development of applications by creating “scenes for using”

II. Stable operation of 4D Geospatial Information System pursuing “QCDDS”


Target Net Sales by Business under ZGP2020

21

8.99.1 9.3

11.011.4

12.113.5

15.5

12.412.4

14.0

17.5

10.9

11.312.0

13.5

2.2

2.9 3.54.5 6.1

7.47.7 8.0

0

5

10

15

20

FY20

15 A

ctua

l

FY20

16 F

orec

ast

FY20

18 T

arge

t


FY20

20 T

arge

t

Publishing GIS ICT ITS Global Other

+2.0(22.8%)

+2.0(22.8%)

+4.0(35.7%)

+4.0(35.7%)

+5.0(40.3%)

+5.0(40.3%)

+2.5(23.0%)

+2.5(23.0%)

+2.2(99.6%)

+2.2(99.6%)

+1.8(29.1%)

+1.8(29.1%)

Com

pare

d to

FY

2015

(Compared to Fiscal 2015)


Achievement of QCDDS through building of new underlying database

Pursuit of the “activities” of print media

Enrichment of concept products

Pursuit of the “activities” of IT media

“Communications-linked navigation” and “highly-accurate maps”

Building of business base in emerging markets

Production

Publishing

GIS

ICT

ITS

Global

Pursuit of synergies with map database businessesOther

Bus

ines

sZGP2020 Basic Policy


Pursuit of the “activities” of print media

Shift from flow-type models to stock-type models

Enrichment of easily-accessible on-demand services

Shift from OEM products to ODM products

Creation of markets by looking at maps in a new concept

Publishing Business 1/2ZGP2020 Business Strategy


ZGP2020 Business Strategy Publishing Business 2/2

Enrichment of easily-accessible on-demand services

Convenience store chain Launch of service Number of stores

Seven-Eleven September 2005 17,569

LAWSON April 2014 11,606

FamilyMart May 2014 11,532

CircleKSunkus October 2014 6,326

Total 47,033

(As of March 2015, surveyed by ZENRIN)

“Easy and reasonable print-out service when needed and for area needed”

[Number of convenience stores offering ZENRIN residential map print-out service

Currently available at around 90% of convenience stores nationwide

◆ Enhancement of convenience through enrichment of contents and usage environment

◆ Encourage use through reinforced promotional activities

Flow of service

Printing out at the convenience store.

Printing out after making arrangements online

Touch!

Click!

Choose an area you need on the multi-copier at the store and print it out on the spot.

Pre-order the necessary area in your spare time and have it printed out right away using the multi-copier at the store.


Building of the ZENRIN GIS brand through release of products resulting from development of applications and through introduction of new pricing

25

Enrichment of concept products

Release of package products featuring a clear map-themed concept

Release of entry models for expanding the horizons of GIS use

Establishment of local government platform

Establishment of data-ring-type business model

ZGP2020 Business Strategy GIS Business 1/4



Building of the ZENRIN GIS brand through release of products resulting from development of applications and through introduction of new pricing

“Act on special measures concerning promotion of countermeasures for vacant houses, etc.”

(Effective February 2015)

Work for grasping the present situation(about 40 local governments *Results for fiscal 2015)

By releasing products with ideas of “scenes for using” in the market, build GIS brand that is easy to choose and use (solution, selection, package)

Extractingtargets

Conductingresearch DB maintenance

Formulation ofplans for continuous

measures

Countermeasures for vacant houses, etc. by local governments

Responseactivities

“The rise in vacant houses (approximately 8.2 million houses nationwide)”(as of October 2013)

Maintenance and management work(solution)

Social issue



Release of package products featuring a clear map-themed concept

“Business category series” Series (1)Product name: ZENRIN GIS Package Real EstateDate of release: April 2013

“Business category series” Series (2) Product name: ZENRIN GIS Package ConstructionDate of release: April 2014

Acceleration of development of applications for GIS package products specializing in a business category or business content

Plan to increase product lineup from

2 to 10 titles by 2020



Establishment of local government platformPromotion of disaster relief agreement

Proposing utilization of map information for disaster prevention/mitigation

130Local governments

Successful conclusion of “disaster relief agreement” with

(as of March 31, 2015)

[Overview of agreement]• Provision of wide area map• Provision of printed residential

maps• Provision of residential map online

distribution service “ZNET TOWN”• Map reproduction permission • Exchange of information (September 4, 2013)

Signing ceremony with Yokohama City

１,７１８

Aim to sign agreements with 1,000 local governmentsby 2020


Enhancement of map DB utility value through provision of 4D Geospatial Information contents

Launch of advertising revenue sharing model in web business

Digital signage market penetration through provision of 4D Geospatial Information map DBExpansion of location information business in “tourism” backed by the sector’s growth potential

Launch of 3D solutions through expansion of scope of utilization of 3D data

Pursuit of the “activities” of IT media

ZGP2020 Business Strategy ICT Business 1/2


ZGP2020 Business Strategy

Digital signage market penetration through provision of 4D Geospatial Information map DBExpansion of location information business in “tourism” backed by the sector’s growth potential

ICT Business 2/2

Provision of multilingual location information solution with an eye to “increase in the number of foreign visitors to Japan”

[Introduction cases of signage]• Tokyo International

Airport• Kansai Airport Station• Roadside stations

The number of foreign visitors to Japan in 2014 broke 13 million mark!To reach 20 million in 2020!

Foreign visitors to Japan

The 2020 Tokyo

Olympic Games

Community

vitalization

× ×Devices

(smartphone, PC, signage,

etc.)

Multilingual map

Location information(Tourist information,

navigation guide, etc.)


“Communications-linked navigation” and “highly-accurate maps”

Enhancement of map DB utility value through provision of 4D Geospatial Information contents

Proposal of comprehensive services that combine map DB and apps

Gaining of overseas manufacturers through 3D map licensing and authoring contracts

ZGP2020 Business Strategy ITS Business 1/2

Establishment of technologies and promotion of product planning for highly-accurate maps


ZGP2020 Business Strategy ITS Business 2/2

Establishment of technologies and promotion of product planning for highly-accurate maps

2014 2015 2016 2017 2018 2019 2020～ 2030～

Advanced driving support on open road

Advanced driving support on freeway

Promotion of product planning to have

companies sign for OEM

Full-automated driving systems [Level 4]

All of the acceleration, steering, and control

operations are done by the automobile

(other than drivers).

Common use

Semi-automated driving systems [Level 3]

All of the acceleration, steering, and braking operations are done by the automobile.

(Drivers respond to emergencies.)

Semi-automated driving systems [Level 2]More than one of the acceleration, steering, and

braking operations is done by the automobile at the same time

Driving support systems (ITS + Automatic brake)

Demonstration experiment

Gov

ernm

ent

ZEN

RIN

◎

○△

○△

○

*Excerpt from “Roadmap related to automated driving systems” of Cross-ministerial Strategic Innovation Promotion Program (SIP) of the Cabinet Office

Preparation of highly-accurate maps

Product development

Discussion on specifications of highly-accurate maps


Building of business base in emerging markets

Expansion of business in India

Launch of business in ASEAN

Global expansion of navigation apps and securing of authoring contracts

Commencement of business feasibility testing for launch of overseas high-accuracy business

Launch of overseas GIS

ZGP2020 Business Strategy Global Business 1/2


ZGP2020 Business Strategy Global Business 2/2

India

ＡＳＥＡＮ

Expansion of business in India

Launch of business in ASEANStrengthening ties with local partner (GlobeTech)

Sales and strengthening ties with affiliation company C.E. Info Systems


Pursuit of synergies with map database businesses

Stability of general printing business

Expansion of in-ship advertising business

ZGP2020 Business Strategy Other Business

Sales expansion through synergies with location information business

ZENRIN Co., Ltd. All Rights Reserved.© 36


ZGP2020 Production Strategy

: Quality

: Cost

: Delivery

: Diversity

: Scalability

QCDDS

Production Strategy 1/2

Business Model

Residential map

Viewmap Navigation map

Product DB

MAP DB(mapping from map feature DB)

Map feature DB(map features created from information

collected in the survey layer)

Survey(information collection network)


ZGP2020 Production Strategy Production Strategy 2/2

Collection by purpose of use

Map DB by purpose of use

Collection of map features in the real world

Generation of map DB from map feature DB

4D Geospatial Information DB

Provision

Management

Collection

UserUser





Maintenance of map DB by purpose of use

Product DB・・・

・・・



ZGP2020 Numerical Targets

38

FY2015Actual

FY2016Forecast

FY2018Target

FY2020Target

Consolidated Net Sales 52.2 bn yen 55.5 bn yen 60.0 bn yen 70.0 bn yen

Consolidated Operating Income(Margin)

2.3 bn yen(4.6%)

2.5 bn yen(4.5%)

5.0 bn yen(8.3%)

10.0 bn yen(14.2%)

ＲＯＥ(Return on equity) 3.9% 4% 8% 12% or higher

ＤＯＥ(Dividend on equity on a consolidated basis)

3.0% 3% or higher 3% or higher 3% or higher


III. Earnings Forecast for Fiscal 2016


Earnings Forecast for Fiscal 2016

40

FY2015Actual

FY2016Earnings Forecast Compared to

FY2015 % of Change

Net Sales 52,286 55,500 3,213 6.1

Operating Expenses 49,897 53,000 3,102 6.2

Operating IncomeOperating Margin

2,3894.6%

2,5004.5%

110-0.1pt

4.6－

Ordinary Income 2,751 2,800 48 1.8Profit Attributable to Owners of Parent 1,464 1,500 35 2.4


Earnings Forecast for Fiscal 2016ZGP2020 Initial Fiscal Year <increase in sales and increase in income>Securing of earnings from existing businesses and promotion of 4D Geospatial Information DB maintenance

Increase in sales due to securing of earnings from “GIS Business” and the “Other Business” of a consolidated subsidiary (became a subsidiary in the second half of fiscal 2015)Promotion of 4D Geospatial Information DB maintenance, while lowering existing map DB maintenance costs through productivity enhancement


Net Sales by Business under ZGP2020

10.19.89.48.9

9.1 9.1 9.610.2

11.412.1

10.6

14.1 14.1

12.412.4 12.312.011.310.911.3

2.8 3.02.32.22.9

7.2 6.46.06.1

7.4

0

5

10

15

20

PublishingPublishing GISGIS ICTICT ITSITS GlobalGlobal OtherOther+0.0(0.0%)

+0.1(2.0%)

+0.7(6.7%)

+0.3(3.4%)

+0.6 (29.3%)

+1.2(19.9%)C

ompa

red

to

FY20

15

FY20

12

FY20

13

FY20

14

FY20

15

FY20

16 (F

orec

ast)


Pas

t co

mpo

sitio

n (*

)

9.0 (+0.0)9.0 (+0.0) 12.6 (+1.2)12.6 (+1.2) 13.5 (+1.0)13.5 (+1.0) 10.2 (-0.7)10.2 (-0.7) 2.1 (-0.0)2.1 (-0.0) 7.8 (+1.6)7.8 (+1.6)

Integration with Advertising

Topi

cs GIS package2 new titles releasedGIS package2 new titles released

In-ship advertising by consolidated subsidiaryIn-ship advertising by consolidated subsidiary

Map data employed more and more (multilingual maps, etc.)

Map data employed more and more (multilingual maps, etc.)

Transfer of signage (from Other), access information (from GIS), etc. to ICT

Transfer of in-car navigation apps (from ICT) to ITS and Global

(*) Past composition: Net sales compiled based on the business composition used until fiscal 2015 (compared to fiscal 2015)



Appendix

FY2016 Earnings Forecast

1) Changes in Net Sales and Income2) Segment Information3) Amount of Capital Investment, Depreciation and R&D Costs 4) Changes in Composition of Net Sales by Quarter

42



43

Appendix 1) Changes in Net Sales and Income

52,3

22

54,9

91

53,5

89

52,2

86

55,5

00

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

12/3 13/3 14/3 15/3 16/3

Increase in sales for first time in 3 periods

Increase in income for first time in 3 periods

Net Sales Operating Income Ordinary Income Profit Attributable to Owners of Parent

Increase in income for 2 consecutive periods

Fore

cast

Act

ual

Increase in income for first time in 3 periods

4,40

8

5,58

5

3,18

0

2,38

9

2,50

0

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

12/3 13/3 14/3 15/3 16/34,

777

5,07

6

3,66

3

2,75

1

2,80

0

12/3 13/3 14/3 15/3 16/3

1,95

2

1,83

5

1,27

2

1,46

4

1,50

0

12/3 13/3 14/3 15/3 16/3




44

2) Segment Information

Sales Composition

１. Map Database Segment

Main Items: Printed residential maps, residential map databases, data for Japanese and overseas in-car navigation systems, services for smartphones, map data provision, etc. for various media/devices

２. General Printing SegmenMain Items: Commercial printing

３. OtherMain Items: Purchased products, digital signage, direct

mail delivery services, in-ship advertising

83.8%

6.4%

9.8%

Appendix



45

2) Map Database Segment


FY2015 Up 1,758 (+3.9%) Up 304 (+15.2%)

44,718

46,476

35,000

40,000

45,000

50,000

15/3 Actual 16/3 Forecast

1,996 2,301

0

1,000

2,000

3,000

4,000

5,000



Appendix



46

2) General Printing Segment, and Other

76 65 0

200

400

600



FY2015

Compared toFY2015

Gen

eral

Prin

ting

Seg

men

Oth

er(Amounts in million yen)

Up 1,649 (+43.3%) Up 105 (+59.9%)

Down193 (-5.2%) Down 11 (-14.4%)

3,754 3,561

0

3,000

6,000


3,812

5,461

0

3,000

6,000


176 282

0

200

400

600


Appendix

Contribution from a subsidiary included in the scope of consolidationIn-ship (enclosing mail/packages) advertising, etc.



47

Appendix 3) Amount of Capital Investment, Depreciation and R&D Costs

238 1,050 2,735

733 364

3,756

4,502

5,093

4,860 4,280

745

1,078

468

925 1,101

17

0

2,000

4,000

6,000

8,000

10,000

12,000

12/3 13/3 14/3 15/3 16/3 Forecast

Intangible lease assetsTangible lease assetsIntangible assetsProperty, plant and equipment

376 511

606 647 615

0

200

400

600

800

1,000

12/3 13/3 14/3 15/3 16/3 Forecast

425 456 750 946 711

2,393 2,600 3,002 3,279 3,896

615 680 784

774 774

16 9 6

4 3

0

2,000

4,000

6,000

8,000

12/3 13/3 14/3 15/3 16/3 Forecast

Depreciation of intangiblelease assetsDepreciation of tangiblelease assetsDepreciation of intangibleassetsDepreciation of property,plant and equipment

4,740

3,451 3,746

8,314

4,544

Remodeling and expansion with aging of ZENRIN-owned building

R & D CostR & D CostAmount of Capital InvestmentAmount of Capital Investment

DepreciationDepreciation

Introduction of printing machines

Product development

, etc. 6,631 6,519

5,746

5,005 5,385




48

Appendix 4) Changes in Composition of Net Sales by Quarter

20.0%

21.9%

21.1%

19.8%

23.5%

25.1%

23.7%

23.3%

44.5%

25.2%

23.3%

24.2%

24.5%

31.3%

29.7%

31.0%

32.4%

55.5%

0% 25% 50% 75% 100%

12/3

13/3

14/3

15/3

16/3(Forecast)

Q1 Q2 Q3 Q4

ZENRIN Co., Ltd. http://www.zenrin.co.jpCorporate Management Division, Management Control & IR Department

IR contact email: [email protected]

briefing on results for fiscal 2015(pdf) - 株式会社ゼンリン · 2018. 1. 6. · briefing on...

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